U.S. Claims Iran Loses $500 Million Daily Amid Ongoing Tensions
White House Says Iran Is 'Losing $500 Million a Day'
Times Now NewsImage: Times Now News
The U.S. and Iran maintain a fragile ceasefire, recently strained by Iran's seizure of two cargo ships near the Strait of Hormuz. White House Press Secretary Karoline Leavitt stated that Iran is losing $500 million daily due to ongoing economic sanctions, asserting that the U.S. retains control over the situation.
- 01Iran's Islamic Revolutionary Guards Corps seized two cargo ships, escalating tensions despite a ceasefire.
- 02The U.S. claims Iran is losing $500 million a day due to economic sanctions.
- 03White House Press Secretary Karoline Leavitt emphasized the U.S. maintains leverage over Iran.
- 04The ceasefire was extended by President Trump, but hostilities continue in the Strait of Hormuz.
- 05Leavitt cautioned against taking Iran's public statements at face value.
Advertisement
In-Article Ad
Tensions between the United States and Iran have escalated following the seizure of two cargo ships by Iran's Islamic Revolutionary Guards Corps near the Strait of Hormuz. This incident occurred just after President Donald Trump extended a ceasefire, which is now under strain. White House Press Secretary Karoline Leavitt stated that while military operations are paused, the U.S. economic pressure on Iran continues unabated, with the country reportedly losing $500 million daily due to sanctions. Leavitt asserted that the U.S. maintains significant leverage over Iran, which she described as being weakened both militarily and economically. Despite the ceasefire, the blockade of Iranian ports remains in effect, indicating that the broader conflict over the Strait of Hormuz is ongoing. Leavitt also advised caution regarding Iran's public messaging, suggesting that their rhetoric often differs from private negotiations with the U.S.
Advertisement
In-Article Ad
The ongoing tensions and economic sanctions could lead to increased instability in the region, affecting trade routes and local economies reliant on maritime commerce.
Advertisement
In-Article Ad
Reader Poll
Do you support the U.S. economic sanctions against Iran?
Connecting to poll...
More about Islamic Revolutionary Guards Corps
Uncertain Start for ASX Amid Middle East Tensions and Oil Price Fluctuations
The Sydney Morning Herald β’ Apr 20, 2026

Understanding Iran's 'Mosquito Fleet' and Its Impact on the Strait of Hormuz
Hindustan Times β’ Apr 18, 2026

Iran's IRGC Warns of Military Response to US Naval Blockade
News 18 β’ Apr 16, 2026
Read the original article
Visit the source for the complete story.




